asia solution brochure
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Asian Solutions
China
Hong Kong
India
Indonesia
Japan
Malaysia
Singapore
Vietnam
Edition 2011/01
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Access Financial is a workorce management company
dedicated to servicing its clients fnancial requirements
wherever they may work.
Access Financial provides a high quality service to a
diverse range o recruitment companies, end-clients and
contractors.
We are committed to serve our clients in Asia throughthree oces in China, India and Vietnam.
Our global presence extends to oces in:
Antibes, France
Frankurt, Germany
Fribourg, Switzerland (Swiss payroll oce)
Nyon, Switzerland (Head Oce)
Limassol, Cyprus
London, United Kingdom
New Delhi, India
Selangor, Malaysia
Singapore
Ho Chi Minh City, Vietnam
Johannesburg, South Arica
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Solution (tax resident)
Employed by Access Financial Asia
Limited
Payroll
On Hong Kong payroll
Local Billing
Optional
Work Permit Services
Yes
Work Permit Processing Time
4-8 weeks
Work Permit Application
All non-Hong Kong nationals will
require a work permit (Employment
Visa) to take up an employment.An entry visa may be required to
enter Hong Kong depending upon
nationality.
Business Visa Services
Yes
Business Visa Processing Time
Within 4 weeks
Taxes
Progressive tax on personal income:
top rate 17% (annual taxable income
over HKD 120,000).
Annual basic allowance is HKD
108,000.
Tax Year
Starts rom April 1st
Ofcial/Popular Languages
English, Mandarin, Cantonese
Social SecurityAn employee is required to
contribute 5% o his/her salary to the
Mandatory Provident Fund (MPF),
up to a maximum contribution
o HKD 12,000 per year. I the
period during which the expatriate
employee is given permission
to land or remain in Hong Kong
or employment purposes does
not exceed 13 months, or i theexpatriate employees are members
o a provident, pension, retirement
or superannuation scheme run in
a jurisdiction outside Hong Kong,
they are exempted rom the MPF
Schemes Ordinance and do not need
to join an MPF scheme.
Withholding Taxes on Foreign Remittances
No withholding tax on technical/
management ees.
Typical Retention (one year basis)
79-84%
Solution (tax resident)
Employed by Access Financial China
LLC
Payroll
On Chinese payroll
Local Billing
Optional
Work Permit Services
Yes
Work Permit Processing Time
3-4 weeks
Work Permit Application
All oreigners need to be granted a
work permit to take up employment.
Usually an Employment Licence
(applied by the employer) must be
obtained beore entering into China
where relevant qualifcations and
work experience will be taken into
consideration.
Business Visa Services
Yes
Business Visa Processing Time
1-2 weeks
Taxes
Progressive tax rates, top rate o 45%
or income over CNY 100,000 permonth.
CNY 4,800 can be deducted when
calculating the expatriates taxable
income and CNY 2,000 or locals.
Tax Year
Calendar year
Ofcial/Popular Languages
MandarinSocial Security
China national law allows each local
authority to set its own contribution
rates, thus the rates vary rom city to
city. Expatriates are not required to
pay social security contributions.
Withholding Taxes on Foreign Remittances
10%
Typical Retention (one year basis)
48-84%
Hong Kong SolutionChina Solution
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Solution (tax resident)
Employed by PT. Access Consultants
Payroll
On Indonesian payroll
Local Billing
Optional
Work Permit Services
Yes
Work Permit Processing Time
5 weeks
Work Permit Application
Employer application
Limited visa application
Limited stay permit application
Work permit application
Business Visa Services
Yes
Business Visa Processing Time
1 week
Taxes
Individual income tax rates or
resident individuals are progressive:
top rate 30% (annual taxable incomeabove IDR 500 million.
Allowance or an individual is IDR
15,840,000 per year.
A non-resident individual is generally
subject to the normal income
taxation rules except that they are
subject to a fnal withholding tax o
20% on their gross income.
Tax Year
Calendar year
Ofcial/Popular Languages
Bahasa Indonesia, English
Social Security
Resident employed individuals must
pay a monthly contribution to the
national social security scheme
(JAMSOSTEK) at the rate o 2% o the
monthly salary. The employer has to
contribute at the rate o 6.24%
Expatriates who are protectedthrough the social security schemes
in their home countries are not
required to join the social security
scheme in Indonesia.
Withholding Taxes on Foreign Remittances
20%
Typical Retention (one year basis)
70-86%
Solution (tax resident)
Employed by AFSS Consultancy
Pvt. Ltd.
Payroll
Local payroll
Local Billing
Optional
Work Permit Services
Yes
Work Permit Processing Time
15 days
Work Permit Application
An Employment visa must be applied
at the Indian Embassy/Consulate in
the country o residence.
Business Visa Services
Yes
Business Visa Processing Time
1 week
Taxes
The income tax rates or resident
individuals are progressive: top rate
is 30% (annual taxable income aboveINR 800,000).
Tax Year
Starts rom April 1st
Ofcial/Popular Languages
English, Hindi
Social Security
The social securit y is not mandatory
or resident employees earning morethan INR 6,500 per month. In case o
expatriate employees, the mandatory
minimum contribution base to the
Employee Provident Fund (EPF) is INR
6,500 per month, irrespective o their
total salary.
Both employer and employee
are required to contribute in the
Employee Provident Fund (EPF) at
the rate o 12% o gross (Basic + D.A.)salary.
Withholding Taxes on Foreign Remittances
10.3%
Typical Retention (one year basis)
67-85%
Indonesia SolutionIndia Solution
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Solution (tax resident)
Employed by AFSS Access Business
Services SDN. BHD.
Payroll
On AFSS Malaysian payroll
Local Billing
Optional
Work Permit Services
Yes
Work Permit Processing Time
2-4 weeks
Work Permit Application
Employment permits are issued or
a minimum employment period o
two years and a monthly income ono less than MYR 5,000 (MYR 8,000
or automatic approval).
Business Visa Services
Yes
Business Visa Processing Time
2-3 days
Taxes
The income tax rates or resident
individuals are progressive: top rate
26% (annual taxable income above
MYR 100,000). Basic yearly deduction
is MYR 9,000.
A non-resident individual is liable to
tax at the rate o 26% without anypersonal relie.
Tax Year
Calendar year
Ofcial/Popular Languages
Malay, English
Social Security
Social security contributions by
expatriate employees are notmandatory.
Withholding Taxes on Foreign Remittances
10%
Typical Retention (one year basis)
59-85%
Malaysia Solution
Solution (tax resident)
Employed by Access Financials local
partner company
Payroll
Local payroll
Local Billing
Optional
Work Permit Services
Yes
Work Permit Processing Time
2-3 months
Work Permit Application
Generally a Certifcate o Eligibility
(CoE) should be obtained frst; then
an application or a Work visa can beapplied at the Japanese Embassy/
Consulate in the applicants home
country.
Business Visa Services
Yes
Business Visa Processing Time
1 week
Taxes
National income tax rates or resident
individuals are progressive: top rate
40% (annual taxable income over
JPY 18,000,000). The inhabitant tax
rate is a at rate o 10%. The basic
deduction or taxpayer is JPY 380,000
on national income tax and JPY
330,000 on inhabitant tax.
The income tax or a non-resident is
20% at rate without any deductions.
Tax Year
Calendar year
Ofcial/Popular Languages
Japanese
Social SecurityThe social securit y contribution rate
or an employer is approximately
12-13% and or an employee is
approximately 12-12.5%.
Withholding Taxes on Foreign Remittances
20%
Typical Retention (one year basis)
60-85%
JapanSolution
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Solution (tax resident)
Employed by Access Financial
(Vietnam) Company Limited
Payroll
Local payroll
Local Billing
Optional
Work Permit Services
Yes
Work Permit Processing Time
8-10 weeks
Work Permit Application
Foreign nationals may work with a
Business visa while the Work permit
application is in process and canconvert their visa to the Work permit
while remaining in Vietnam. Foreign
nationals can work on a Business visa
only up to a period o 6 months and
rom the 7th month they must have
a work permit.
Business Visa Services
Yes
Business Visa Processing Time3-5 working days
Taxes
Resident oreigners in Vietnam
are taxed at progressive rates on
monthly income; top rate is 35%
on monthly income over VND
80,000,000.
All individual taxpayers are granted
a deduction o VND 4 million permonth.
Non-resident oreigners are taxed at
a at rate o 20% on their Vietnam-
sourced employment income.
Tax Year
Calendar year
Ofcial/Popular Languages
Vietnamese, English, French, ChineseSocial Security
Social security contributions by
expatriate employees are not
mandatory.
Withholding Taxes on Foreign Remittances
10%
Typical Retention (one year basis)
69-80%
VietnamSolution
Solution (tax resident)
Employed by Access Consultants
Pte. Ltd.
Payroll
On Singaporean payroll
Local Billing
Optional
Work Permit Services
Yes
Work Permit Processing Time
7 working days
Work Permit Application
An Employment pass (work permit)
application can be processed online.
The oreign proessional must holda recognised qualifcation and earn
a fxed monthly salary o more than
SGD 3,500.
Business Visa Services
Yes
Business Visa Processing Time
1-3 working days
Taxes
The income tax rates or resident
individuals are progressive: top rate
20% (annual taxable income above
SGD 320,000).
Employment income o non-resident
individuals is taxed at 15% without
personal allowances or resident rates
with personal allowances, whichever
gives rise to a higher tax.
Tax YearCalendar year
Ofcial/Popular Languages
English, Mandarin, Malay, Tamil
Social Security
Contribution to the Central
Provident Fund (CPF) and Skill
Development Levy (SDL) is
mandatory or all Singaporean and
Singapore Permanent Resident (SPR)employees.
Foreigners are not allowed to
contribute to the CPF and SDL.
Withholding Taxes on Foreign Remittances
20%
Typical Retention (one year basis)
70-82%
Singapore Solution
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Countries served
in Europe:
Austria
Belgium
Bulgaria
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Iceland
Ireland
Italy
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Netherlands
Norway
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
Switzerland
United Kingdom
We also provide
services in Russia.
Countries served in
Arica:
Ghana
Kenya
Nigeria
South Arica
Tanzania
Access Financial is the leading international management company headquartered
in Nyon, Switzerland providing unique workorce management solutions or
recruitment companies; contractors and end clients throughout the whole o Europe,
Arica, Asia and Russia.
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Contact usWe would be delighted to hear rom you
and tell you more about our services and
how we can help you and your agency
with contracting matters in Asia.
Telephone: +86 21 62675758
Facsimile: +86 21 62675778
Email: john.young@accessnancial.ch
Access Financial China, LLC
Room 1409, Huai Hai China Tower,
No. 885, Ren Min Road,
Shanghai, 200010
P. R. China
www.accessnancial.ch
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